Deutsche Post to cut 9,500 jobs in US

November 10, 2008 5:07:42 AM PST
Mail and logistics company Deutsche Post AG says it will cut 9,500 jobs and close all of its DHL express service centers in the U.S. amid heavy losses in the market there.

In a statement released Monday, the Bonn-based company said that new round of cuts are on top of another 4,500 job cuts it already announced and blamed heavy losses at the unit, which competes with rivals UPS Inc. and FedEx Corp.

The cuts are part of a wider plan to curtail operations in the U.S., including ground deliveries, and are likely to affect drivers, shipping clerks and warehouse workers. The express unit employs some 18,000 workers.


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